record the closing entries in the general journal. and find the amount of change in retained earnings for the year.

[The following information applies to the questions displayed below.] At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts. The following events apply to Oak Consulting for Year 2 : 1. Provided $74,600 of services on account 2. Incurred $3,300 of operating expenses on account. 3. Collected $45,600 of accounts receivable. 4. Paid $33,300 cash for salaries expense. 5. Paid $15,390 cash as a partial payment on accounts payable. 6. Paid a $9,400 cash dividend to the stockholders